Manila Water Company Inc. said it won a contract to develop the P442.9-million Obando water supply project in Bulacan province.
Manila Water said consortium Manila Water Philippines Ventures Inc. received the notice of award dated Jan. 24, 2017 from Obando Water District.
The award will be for the implementation of the joint venture project for the design, construction, rehabilitation, maintenance, operation, financing, expansion and management of the water supply system and sanitation facilities in Obando, Bulacan.
“Upon completion of the conditions precedent specified in the notice, the consortium and OWD shall enter into a joint venture agreement that will require the formation of a joint venture company which will implement the project,” Manila Water said.
“Thereafter, the JVC will enter into a concession agreement with OWD where the latter will grant the JVC, as contractor to perform certain functions and as agent for the exercise of OWD’s rights and powers, as contractor to perform certain functions and as agent for the exercise of its right and poers, the sole right to develop, manage, operate, maintain, repair, refurbish and improve, expand and as appropriate, decommission, the Facilities in the area, including the right to bill and collect tariff for water and sanitation services supplied in the service area,” Manila Water said.
Manila Water currently serves more than 6.3 million customers in the eastern portion of Metro Manila that covers 23 cities and municipalities including Makati, Marikina, Pateros, Taguig, San Juan, Mandaluyong, parts of Quezon City and Manila and the province of Rizal.
